Qantas suspends trading ahead of capital increase

Qantas yesterday suspended trading in its shares pending an announcement on "capital management initiatives," with speculation increasing over a potential effort to raise A$500 million ($319.6 million) or more for a restructuring that could include new executive appointments. QF shares have sunk 6.5% in recent days to A$2.29. There also is considerable speculation regarding a significant ramp-up of its Jetstar Airways operation in both Australia and New Zealand. In November, QF warned that ...

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